Take-Two Sales Rise 45%,
But Delays Trigger Forecast Cut

Updated June 3, 2005 12:01 a.m. ET

Take-Two Interactive Software Inc. posted a narrower fiscal second-quarter loss, but changed its third-quarter forecast to a loss from a projected profit. The New York-based videogame company, best known for its "Grand Theft Auto" series, reported a net loss of $8.2 million, or 12 cents a share, for the quarter ended April 30, compared with a year-earlier loss of $14.6 million, or 22 cents a share. Sales rose 45% to $222.1 million from $153.4 million on the launch of "Midnight Club 3: DUB Edition" and "Major League Baseball 2K5," as well as continued consumer demand for "Grand Theft...